Economy

A Secret Plan to Close Social Security’s Offices and Outsource Its Work

A Secret Plan to Close Social Security’s Offices and Outsource Its Work
For months there have been rumors that the Social Security Administration has a “secret plan” to close all of its field offices. Is it true? A little-known report commissioned by the SSA the request of Congress seems to hold the answer.
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Want Transportation Funding? Close This Egregious Tax Loophole

Want Transportation Funding? Close This Egregious Tax Loophole
We’ve already written about the American pharmaceutical company that plans to merge with an Irish drug company so that it will have a way to shield its profits from U.S. taxes.
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This Might Be the Biggest Reason to End the Tipped Minimum Wage

This Might Be the Biggest Reason to End the Tipped Minimum Wage
Women represent 72 percent of all workers in tipped-wage jobs – those with a federal minimum wage of just $2.13 an hour. That means that women are disproportionately placed in the very compromising position of their having to please customers and impress employers in order to earn enough tips to have decent take-home pay.
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Transportation Funding Proposal Forces GOP To Face Its Tax Phobia

Transportation Funding Proposal Forces GOP To Face Its Tax Phobia
A plan unveiled Wednesday in the Senate to raise enough money to keep the federal fund that pays for surface transportation projects from drying up within the next two months comes with a dollop of plain truth.
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Miami Sues Banking Giant Over Predatory Mortgages

Miami Sues Banking Giant Over Predatory Mortgages
The city of Miami has filed a lawsuit in a federal court against JPMorgan Chase & Co., accusing the banking giant of a pattern of discriminatory loan practices "since at least 2004" which sparked foreclosures and violated the U.S. Fair Housing Act.
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Sign of the Times: Unemployment Holding Steady is Now Good News

Sign of the Times: Unemployment Holding Steady is Now Good News
The US may have added jobs in may (an anemic 217K), but wasn't able to make a dent in the employment numbers, which have hovered at 6.3% and remain frustratingly static.
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Using Public Funds to Hire Private Firms to Collect Public Funds: The IRS and Outsourcing

Using Public Funds to Hire Private Firms to Collect Public Funds: The IRS and Outsourcing
How do you make the IRS even more scary? Hire private firms to relentlessly harass Americans that owe it money.
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Despite Huge Spike in Utility Costs SC's Economy Soaring, Claims Gov Who Surely Opposes New EPA Regulations

Despite Huge Spike in Utility Costs SC's Economy Soaring, Claims Gov Who Surely Opposes New EPA Regulations
While the U.S. Chamber, utilities, elected officials and other business organizations argue that these new rules will drive up the cost of energy thus hurting consumers and the economy, South Carolina is the perfect case study to dispel these fears. Despite a dramatic spike in the cost to consumers in order to build a pair of nuclear power plants, the state's economy is booming — at least according to Gov Nikki Haley's re-election campaign.
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VT Bill Champions 'New Economy' by Supporting Worker-Owned Co-ops

VT Bill Champions 'New Economy' by Supporting Worker-Owned Co-ops
Worker-owned co-ops got a boost on Monday when Independent Senator Bernie Sanders unveiled an initiative in Vermont that champions what many call "the new economy."
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City of LA Sues JPMorgan for Systematically Steering Minorities Into Foreclosure

City of LA Sues JPMorgan for Systematically Steering Minorities Into Foreclosure
The City of Los Angeles has filed a lawsuit against JPMorgan Chase alleging the financial titan steered minority borrowers into homes they could not afford, triggering a foreclosure wave whose effects can still be felt in the city today. The lawsuit cites a report conducted by a low-income advocacy group that claims the mortgage crisis caused over 200,000 foreclosures in Los Angeles between 2008 and 2012.
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Chaz Bolte
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